Naked Shorting And Pool Operations On The Short Si
Dear CIGAs,
The following is a missive that is being emailed to a total of 60,000 by request readers.
I respectfully request that you cut, paste and send this to every junior mineral company and every mineral investor you know.
Let’s send this to 250,000 investors and 1000 mineral companies TODAY!
I trust you are all enraged and will be active in your support.
Dear Friends,
Today is proof that these people arerunning scared. Their target today is a message that their time hascome to an end. Add to that the arrest of the Bear Stearns Hedge Fundmanagers for not correctly marking down their holdings and informingtheir investors. These events have to put these people that arecommitting bullying, illegal and unethical activities in the crosshairsof investors, management and the law.
Soon there will be no place to hide, noplace to run and the name Anonymous has done them no good at all. Thename Anonymous may well be their eventual undoing as illegal activitiesusing such a means confirms their devious undertakings.
The major underestimation by these hedgefund operators is the nature of the old-line junior mineral management.When you push them hard they will push back harder and make itpersonal. They should study the history of past PDACs and how oldtimers can act when attacked.
Where I am concerned, today they made this personal.
There is a great deal of information available to the management of any company listed on an exchange.
The first step in determining what ishappening in the short term is broker identification. Every transactionshows a broker on it with one curious twist on the TSX which allowstrades to be noted as broker “Anonymous.”
That is not the stumbling block itselfbecause you can see all the daily trades almost as they happen and thetotal volume of buys and sells on each trade for broker Anonymous,therein determining if this legal camouflage has been a seller onbalance for that day.
This information can be obtained from www.tsx.comfor companies on the Toronto Stock Exchange. Other exchanges havesimilar setups. It will have to be obtained by your company on www.tsx.com as info/short interest data is password protected.
When you are on the TSX homepage, clickon “Market Activity” and select “Current Market.” There will be a15-minute delay on information but you can see the broker’s activityand name including that famous broker, Anonymous.
This type of information can be obtainedfor all exchanges and the NASDAQ. Looking historically will be moreinformative as you can be assured that as the heat is turned up,procedures will change.
Knowing the broker who represents thegreatest on balance selling daily or from period to period is quiteeasy as they will not use Anonymous often enough to camouflage thatthey are or have been the largest seller.
The next three documents companies need to obtain are:
- The Participation List that shows all street name securities held and by whom. This document should be reviewed, as all documents should, from period to period.
- The non-objecting shareholders list will show the changes in the positions of those investors. This is again reviewed from period to period. Even the major shareholders who object to their name being listed are available for the company from the same source to the shock of the hedge funds. These two items are key to knowing exactly what is occurring in your particular share.
- The brokers who bought and sold list shows both percentage purchases and percentage sales.
By the comparison of all the above youare able to determine if the selling is long selling, legal shortselling or unreported short selling.
It is an exercise that is common toforensic accounting, probably better done for many companies by theirauditor rather than by non-accountant management such as geologists.
The next step is to retain a reputable Internet investigator as it is all out there in one form or another.
Anonymous is a nice cover name probablyused by the naked short seller, but after the trade and into thestatistics it loses its effective cover capacity.
We will keep that proprietary for the time being.
We live in an information world, complex of course, but not to those that specialize.
As this practice continues, your dedication to stopping the rape of shareholders must increase.
Complaining to exchanges, regulators andhiring attorneys at this point is a useless effort. Bringing theculprits out into the light is the most effective first step. Makingtheir identity known is the goal.
The effort is to out those who are bothpool raiding and those naked short selling your issue. One isconspiracy and the other is simply a crime. Identification is the firststep. They will be identified and then they will be dealt with. We willcome at them at every angle from rewards for information to cyberinvestigators and forensic accounting. Click here to read more about our efforts.
The incoming company interest in this issimply overwhelming. I would venture to say that the companies nowinterested in ousting these criminals represents at least 200,000investors.
They can hide as all cowards do, but outthey will come as many in the mineral industry have now dedicated theirexistence to this effort.
Remember, the threats you face you can overcome. The threats you run away from for any reason win.
To the management of the juniors: Neverrun, no matter what the message they try to communicate to you via yourmarket is. Stockholders will support you because aggressive, dedicatedand well-financed action is the only way to remove this verminpermanently. The more they speak via your market, the more you act.This is the only strategy that will protect shareholders from theirreprehensible and illegal activities permanently.